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Do we know for certain if the increased catch-up limit for ages 60 through 63 is mandatory if a plan allows catch-up contributions, or is the increased limit optional so the same catch-up limit could continue apply to all catch-up eligible as in pre-2025 if the plan wishes to do so?

I've seen what I thought was a reliable source indicate that the change appears mandatory if the plan offers catch-up, but more guidance is required.  I've also just received information from a recordkeeper that is indicating the decision to have catch-up and not have the increased limits is optional.

Thanks.

 

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